REGISTERED NUMBER: 09135291 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Bronzegate Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Akbar

REGISTERED OFFICE:

175 High Holborn

London

Greater London

WC1V 7AA

REGISTERED NUMBER:

09135291 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Intangible assets

4

27,614

30,799

Tangible assets

5

12,233

6,150

39,847

36,949

CURRENT ASSETS

Debtors

6

2,838,649

2,344,319

Cash at bank

1,631,787

2,393,634

4,470,436

4,737,953

CREDITORS

Amounts falling due within one year

7

(1,063,029

)

(1,911,212

)

NET CURRENT ASSETS

3,407,407

2,826,741

TOTAL ASSETS LESS CURRENT LIABILITIES

3,447,254

2,863,690

PROVISIONS FOR LIABILITIES

(9,893

)

(1,538

)

NET ASSETS

3,437,361

2,862,152

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

3,437,351

2,862,142

SHAREHOLDERS' FUNDS

3,437,361

2,862,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2025 and were signed by:

Mr A Akbar - Director

1.	STATUTORY INFORMATION

Bronzegate Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover

Turnover, which excludes value added tax ("VAT"), constitutes the value of services undertaken by the company from its principal activity, which is recruitment consultancy. Turnover from permanent placements are based on a percentage of the candidate's remuneration package and income is recognised at the start date of the candidate.Turnover from interim placements are based on recharge of the candidate's fee, supplemented by a predefined markup.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and therefore at fair value, with changes recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

31,855

AMORTISATION

At 1 January 2024

1,056

Charge for year

3,185

At 31 December 2024

4,241

NET BOOK VALUE

At 31 December 2024

27,614

At 31 December 2023

30,799

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

20,587

Additions

11,503

Disposals

(8,982

)

At 31 December 2024

23,108

DEPRECIATION

At 1 January 2024

14,437

Charge for year

3,591

Eliminated on disposal

(7,153

)

At 31 December 2024

10,875

NET BOOK VALUE

At 31 December 2024

12,233

At 31 December 2023

6,150

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

1,711,332

1,404,366

Other debtors

192,317

939,953

1,903,649

2,344,319

Amounts falling due after more than one year:

Other debtors

935,000

-

Aggregate amounts

2,838,649

2,344,319

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,070

60,793

Taxation and social security

424,892

336,372

Other creditors

637,067

1,514,047

1,063,029

1,911,212

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

142,600

213,900

Between one and five years

-

142,600

142,600

356,500

9.	RELATED PARTY DISCLOSURES

As at the period end date the company was owed £1,035,000 (2023: £0) by Jemima A Holdings Ltd.

Jemima A Holdings Ltd is a company which Director Mr A Akbar controls by virtue of his majority shareholding.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Akbar.